Newt Powers
@newtp
today is a great day to post and get paid It’s *also* a great day to explain to me how a post’s market cap works. @jabo5779 graciously explained to me that you can buy and trade the post’s coin, but why does the market cap change? What determines it? Tysm.
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Uniquebeing.base.eth 👨💻
@uniquebeing404
Concerning the market cap changing It depends on the buy and sell orders and number of holders of the post coin. More buys and more holders equals higher market cap More sells and less holders equals less market cap Things like popularity, high demand can be factored into the equation
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Newt Powers
@newtp
How would you measure popularity and high demand?
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Uniquebeing.base.eth 👨💻
@uniquebeing404
If it's a well known creator Most users would hurry and buy The more they buy the market cap increases Attracting more people and getting more views and then more demand So the popularity first starts with the creator
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